Never miss an analysis →

Cycle Trading

Stocks Form Bullish Reversal

Stocks formed a bullish reversal on Tuesday.

Tuesday was day 29, placing stocks in the early part of their timing band for a daily cycle low. Tuesday’s bullish reversal eases the parameters for forming a swing low. A break above 5992.65 will form a swing low. Then a close above the 50 day MA will signal the new daily cycle. We will use a close above the 10 day MA to label day 29 as the DCL.

2 responses to “Stocks Form Bullish Reversal”

  1. cihanozgun136666 Avatar
    cihanozgun136666

    Hi LM

    closed below the band so downtrend begins?Still feel next DC will LT ?

    Reply
    1. likesmoneystudies Avatar
      likesmoneystudies

      Great observation!
      I intentionally left that out, but planned to elaborate later this week.
      Closing below the lower daily cycle band ends the daily uptrend and begins a daily downtrend.
      Our expectation will be that once the DCL forms, the next daily cycle should left translate.
      LM

      Reply

Leave a reply to cihanozgun136666 Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.